In 2007, Starbucks saw a significant decrease in visits to its stores, resulting in a subsequent 50% decrease in stock prices. In the previous three years, despite falling revenues and decreased visits, the chain was continuing to expand. The American mortgage crisis and subsequent depression had a significant impact on discretionary spending. Most Americans would consider coffee, especially the expensive drinks at Starbucks, as unnecessary. During a time where the economy had basically tanked, the…
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